Amazon Great Indian Festival 2020 - Electronics
Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Amazon Great Indian Festival 2020 - Electronics
Market Commentary

| More

Some respite after last week's hiccup: Angel Broking

Posted On: 2020-09-11 20:40:38


Daily Market Wrap Up by Mr. Sameet Chavan (Chief Analyst-Technical and Derivatives, Angel Broking):

"Last week, finally the brakes were applied on the recent euphoria on the back of geopolitical concerns with respect to the India-China clash at the border and to make it worse, US markets started correcting sharply after a strong gravity defying move in the last couple of months. All these factors triggered profit booking in our market and left us with some uncertainty at the end of the previous week. Fortunately, no escalation was seen over the last weekend and during the week also. Hence, some respite was seen in the latter half to reclaim the 11450 mark.

In the week gone by, no further damage done after a previous week's hiccup. However, the overall intra-week range was extremely small and barring one or two days, there was no major activity seen in indices. In our sense, one should still continue with a slightly cautious stance because the uncertainty is still looming over and till the time, we do not get clarity with respect to all these developments, better to stay light with a stock specific approach. As far as levels are concerned, 11550-11650 are likely to act as immediate hurdles; whereas on the lower side, 11350-11200 would be seen as a key support zone.

This week the majority of the gains were contributed by the stellar move in RELIANCE towards the fag end and IT stocks too chip in. At this juncture, the banking index is clearly underperforming and is placed around the crucial junction. We are observing a cluster of support around 22200-22000 and till the time it is defended, we can expect some recovery in the market. However, if it fails to hold this, the Nifty can easily slide below the key support of 11200. So, one should keep a close eye on all these possibilities and should position accordingly."


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com

Amazon Great Indian Festival 2020 - Mobiles





Other Headlines:

Nifty back to safer zone as closes above 11850: Angel Broking

Daily Markets - Oct 19, 2020 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Daily Market Wrap-Up - Oct 19, 2020 - Angel Broking

Technical View - Oct 19, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Rupee - Oct 19, 2020 - Reliance Securities

Daily Markets - Oct 16, 2020 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Daily Market Wrap-Up - Oct 16, 2020 - Angel Broking

Daily Market Commentary - Oct 16, 2020 - Bonanza Portfolio

Crude Oil - Oct 16, 2020 - Reliance Securities

Indian Rupee - Oct 16, 2020 - Reliance Securities

Silver - Oct 16, 2020 - Reliance Securities

Gold - Oct 16, 2020 - Reliance Securities

Technical View - Oct 16, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Daily Morning Newsletter - Oct 16, 2020 - YES SECURITIES

Global sell off spooked market participants: Angel Broking

Daily Market Wrap Up - Oct 15, 2020 - Angel Broking

Daily Markets - Oct 15, 2020 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Financial stocks propel late surge: Angel Broking

Daily Markets - Oct 14, 2020 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Daily Market Wrap-Up - Oct 14, 2020 - Angel Broking

Daily Market Commentary - Oct 14, 2020 - Bonanza Portfolio

Technical View - Oct 14, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Technical View - Oct 13, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Daily Markets - Oct 13, 2020 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Daily Market Wrap Up - Oct 13, 2020 - Angel Broking

Daily Market Commentary - Oct 13, 2020 - Bonanza Portfolio

Daily Market Wrap Up - Oct 12, 2020 - Angel Broking

Some profit taking at the psychological mark of 12000: Angel Broking

Technical View - Oct 12, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Morning Newsletter - October 12, 2020 - YES SECURITIES

USD-INR - Oct 12, 2020 - Angel Broking

Market Outlook - F&O - Oct 9, 2020 - Raj Deepak Singh, Head - Derivatives, ICICI direct

Market Outlook - Technnical - Oct 9, 2020 - Dharmesh Shah, Head - Technical, ICICI direct

ICICI Securities Market Outlook - Nifty to retest life highs of 12400 by December...

Nifty within the kissing distance of 12000: Angel Broking

Daily Market Wrap Up - October 9, 2020 - Angel Broking

Daily Markets - Oct 9, 2020 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Daily Market Commentary - Oct 9, 2020 - Bonanza Portfolio

Technical View - Oct 9, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

USD-INR - Oct 9, 2020 - Angel Broking

Weekly expiry ends above 11800: Angel Broking

Daily Markets - October 8, 2020 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Daily Market Commentary - October 8, 2020 - Bonanza Portfolio

Technical View - October 8, 2020 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Daily Market Wrap Up - October 8, 2020 - Angel Broking

USD-INR - October 8, 2020 - Angel Broking

Morning Newsletter - October 8, 2020 - YES Securities

Nifty continues the upmove despite choppiness in broader market: Angel Broking

Nifty closes at new seven month high: Angel Broking

Daily Markets - Oct 7, 2020 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019